Kroll assigns Ripple Prime a "Medium Quality" BBB rating

Golden Finance reports that on April 3, Kroll bond rating agency (KBRA) rated Ripple Prime’s U.S. broker-dealer and holding company as “medium quality” at the BBB level, which is the lowest investment-grade rating. Ripple Prime provides institutional investors with integrated trading, borrowing, and settlement services. KBRA said that the rating reflects that its business is still in the “expansion stage,” and its revenue is mainly concentrated in exchange derivatives clearing and short-term Treasury financing.

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